UYLD vs. YCS
UYLD (Angel Oak Ultrashort Income ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - UYLD is a Ultrashort Bond fund actively managed by Angel Oak, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). UYLD is actively managed, while YCS is passively managed. Over the past 3 years, UYLD returned 5.89%/yr vs 19.84%/yr for YCS. At a correlation of -0.24, they often move in opposite directions. UYLD charges 0.29%/yr vs 1.00%/yr for YCS.
Performance
UYLD vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, UYLD achieves a 1.91% return, which is significantly lower than YCS's 7.17% return.
UYLD
- 1D
- -0.01%
- 1M
- 0.67%
- YTD
- 1.91%
- 6M
- 2.37%
- 1Y
- 5.18%
- 3Y*
- 5.89%
- 5Y*
- —
- 10Y*
- —
YCS
- 1D
- 0.17%
- 1M
- 4.42%
- YTD
- 7.17%
- 6M
- 10.05%
- 1Y
- 32.82%
- 3Y*
- 19.84%
- 5Y*
- 23.54%
- 10Y*
- 12.34%
UYLD vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UYLD Angel Oak Ultrashort Income ETF | 1.91% | 5.36% | 6.10% | 6.90% | 1.12% |
YCS ProShares UltraShort Yen | 7.17% | 9.04% | 35.41% | 28.70% | -21.29% |
Correlation
The correlation between UYLD and YCS is -0.41, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.27 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2022 | -0.24 |
The correlation between UYLD and YCS shifts across timeframes, from -0.41 (1 year) to -0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UYLD vs. YCS — Risk / Return Rank
UYLD
YCS
UYLD vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Angel Oak Ultrashort Income ETF (UYLD) and ProShares UltraShort Yen (YCS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| UYLD | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.08 | ||
| Sortino ratioReturn per unit of downside risk | +19.46 | ||
| Omega ratioGain probability vs. loss probability | 4.35 | 1.35 | +3.00 |
| Calmar ratioReturn relative to maximum drawdown | 38.06 | 3.97 | +34.09 |
| Martin ratioReturn relative to average drawdown | 225.76 | 12.40 | +213.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UYLD | YCS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 8.00 | 1.92 | +6.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.12 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 5.98 | 0.33 | +5.65 |
Drawdowns
UYLD vs. YCS - Drawdown Comparison
The maximum UYLD drawdown since its inception was -0.54%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for UYLD and YCS.
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Drawdown Indicators
| UYLD | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.54% | -49.56% | +49.02% |
Max Drawdown (1Y)Largest decline over 1 year | -0.14% | -8.30% | +8.16% |
Max Drawdown (3Y)Largest decline over 3 years | -0.54% | -23.05% | +22.51% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -0.01% | 0.00% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -19.93% | +19.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 2.66% | -2.64% |
Volatility
UYLD vs. YCS - Volatility Comparison
The current volatility for Angel Oak Ultrashort Income ETF (UYLD) is 0.38%, while ProShares UltraShort Yen (YCS) has a volatility of 2.75%. This indicates that UYLD experiences smaller price fluctuations and is considered to be less risky than YCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UYLD | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.38% | 2.75% | -2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 0.50% | 12.32% | -11.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.65% | 17.27% | -16.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.00% | 21.10% | -20.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.00% | 19.01% | -18.01% |
UYLD vs. YCS - Expense Ratio Comparison
UYLD has a 0.29% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
UYLD vs. YCS - Dividend Comparison
UYLD's dividend yield for the trailing twelve months is around 5.03%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
UYLD Angel Oak Ultrashort Income ETF | 5.03% | 5.07% | 4.97% | 5.92% | 0.75% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UYLD and YCS have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YCS has higher volatility (2.75%) compared to UYLD (0.38%). In terms of maximum drawdown, UYLD dropped -0.54% vs YCS's -49.56%.
On 3-year performance, YCS leads with 19.84% vs 5.89% for UYLD. On fees, UYLD is cheaper at 0.29% per year. On volatility, UYLD has been the lower-risk option at 0.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, YCS has performed better with a 19.84% return vs 5.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UYLD is cheaper with a 0.29% expense ratio, compared with 1.00% for YCS.
UYLD has the higher dividend yield at 5.03%, compared with 0.00% for YCS.
UYLD is categorized as Ultrashort Bond, while YCS is Leveraged Currency. They also come from different issuers: Angel Oak and ProShares. Their fees differ too: 0.29% for UYLD and 1.00% for YCS.
UYLD currently has the higher Sharpe Ratio (8.00 vs 1.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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